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Companies

Alcoa Corporation announces stockholder approval of Alumina Limited acquisition

By Liz Carey  |   July 18, 2024   |   Companies

Pittsburgh-based Alcoa Corporation announced Tuesday it had received stockholder approval to acquire Alumina Limited in preliminary voting. During a special meeting of its stockholders, the compan...

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Nexterus announces retirement of CEO

By Melina Druga  |   July 18, 2024   |   Companies

New Freedom-based Nexterus, a supply-chain management and third-party logistics (3PL) services provider, recently announced that Sam Polakoff, CEO and third generation owner, will retire Dec. 31 after...

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CNX Foundation develops energy industry paid internship program

By Kim Riley  |   July 17, 2024   |   Companies

The CNX Foundation, the philanthropic arm of Pittsburgh-based natural gas company CNX Resources Corp., has created a new paid internship program designed to spur student interest in the power industry...

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Annovis Bio adds to leadership team

By Melina Druga  |   July 17, 2024   |   Companies

Malvern-based Annovis Bio, a late-stage clinical drug platform company specializing in neurodegeneration diseases, recently added four members to its executive team. “We are delighted to have th...

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UGI releases environmental, social and governance report

By Melina Druga  |   July 17, 2024   |   Companies

King of Prussia-based UGI Corp., a distributor and marketer of energy products and services, recently released its 2023 environmental, social and governance (ESG) report. Highlights include meeting...

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Take-private purchase of Envestnet valued at $4.5B

By Kim Riley  |   July 16, 2024   |   Companies

Berwyn, Pa.-based software company Envestnet Inc., is on its way to becoming a privately owned company once a new multi-billion-dollar acquisition agreement by Bain Capital LP is completed. “The ...

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Context Therapeutics purchases FDA approved antibody

By Melina Druga  |   July 16, 2024   |   Companies

Philadelphia-based Context Therapeutics, a biopharmaceutical company advancing medicines for solid tumors, recently signed an asset purchase agreement with Link Immunotherapeutics to purchase CT-95, a...

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Quaker Houghton breaks ground on Chinese facility

By Melina Druga  |   July 15, 2024   |   Companies

Conshohocken-based Quaker Houghton, an industrial process fluids company, recently broke ground on a manufacturing facility in Zhangjiagang, China. "We are thrilled to break ground on our new man...

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Pennsylvania-based Air Products sells off LNG business to Honeywell

By Kim Riley  |   July 12, 2024   |   Companies

Air Products and Chemicals Inc., an American international corporation that principally sells gasses and chemicals for industrial use, is selling its liquefied natural gas (LNG) process technology and...

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Indiana company purchases US Liner

By Melina Druga  |   July 12, 2024   |   Companies

Indiana-based TRANSTEX, a cleantech company providing engineering emission-reducing solutions to the transportation sector, recently purchased Harmony-based US Liner Company, a fiber reinforced thermo...

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Ampco-Pittsburgh Corp. subsidiary awarded commercial contracts for two projects

By Melina Druga  |   July 11, 2024   |   Companies

Union Electric Steel Corp., a wholly-owned subsidiary of Ampco-Pittsburgh Corp., was recently selected to supply the initial provisioning of rolls for two projects under construction. The first pro...

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The Barnes Global Advisors nabs contract to help advance additive manufacturing technologies

By Kim Riley  |   July 11, 2024   |   Companies

The Barnes Global Advisors (TBGA), an independent advanced manufacturing engineering consultancy headquartered in Pittsburgh, recently signed a new contract in which it will seek industry input to hel...

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Universal Stainless negotiating labor agreement with steelworkers

By Kim Riley  |   July 10, 2024   |   Companies

Bridgeville, Pa.-based Universal Stainless & Alloy Products Inc. (USAP) and Local 2332-2 of the United Steelworkers earlier this month postponed their collective bargaining agreement to work out a...

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Virpax Pharmaceuticals receives $2.5M loan financing

By Melina Druga  |   July 10, 2024   |   Companies

Berwyn–based Virpax Pharmaceuticals, a company developing branded, non-addictive pain management products, recently closed on a $2.5 million loan financing from an institutional investor which enabl...

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Signallamp Health merges with Texas healthcare technology company

By Melina Druga  |   July 10, 2024   |   Companies

Scranton-based Signallamp Health, a healthcare company specializing in remote chronic care management, and Accuhealth, a Texas-based a healthcare technology company, recently announced their merger. ...

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FDA approves KaliVir Immunotherapeutics drug

By Melina Druga  |   July 9, 2024   |   Companies

The U.S. Food and Drug Administration (FDA) recently approved the Investigational New Drug application for VET3-TGI, a drug developed by Pittsburgh-based KaliVir Immunotherapeutics for patients with i...

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Sila Services purchases Gary & Sons

By Melina Druga  |   July 9, 2024   |   Companies

King of Prussia-based Sila Services, a leading home services platform, recently purchased Falls Creek-based Gary & Sons, a heating and cooling company. Gary & Sons "has built an incredible ...

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The Robotics Factory accepts five companies to Accelerate program

By Melina Druga  |   July 8, 2024   |   Companies

The Robotics Factory, a program designed to create, accelerate, and scale robotics startups in the Pittsburgh region, recently accepted five companies into the second cohort of its Accelerate program....

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Victaulic expanding Lawrenceville foundry

By Melina Druga  |   July 8, 2024   |   Companies

Easton-based Victaulic, a pipe joining and flow control systems company, plans to invest $100 million to expand its Lawrenceville foundry. The company plans to build a 60,000 square-foot machine sh...

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Bradford White purchases hydronic storage tanks company

By Melina Druga  |   July 5, 2024   |   Companies

Ambler-based Bradford White Corp., a water heater, boiler and storage tank manufacturer, recently purchased Massachusetts-based Heat-flo, a stainless steel indirect water-heating and hydronic storage ...

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